Global Big Data Market 2014-2018

ReportsnReports.com adds report Global Big Data Market 2014-2018
to its store.Global Big Data market to grow at a CAGR of 34.17 percent over the
period 2013-2018. One of the key factors contributing to this market
growth is the need to upgrade business processes and improve
productivity. The Global Big Data market has also been witnessing the
increase in market consolidation. However, the lack of awareness about
the potential of big data could pose a challenge to the growth of this
market.

The
consolidation in the Global Big Data market is increasing. Many large
enterprise computing vendors are increasingly acquiring companies to acquire
new big data technologies. Larger vendors have targeted smaller companies to
expand their business portfolio. Major pure-play big data vendors are being
acquired by larger enterprise software vendors. IBM has acquired a number of
analytics companies in the last few years. In 2012, the company acquired
DemandTec Inc., Varicent Software, Tealeaf Technology Inc., Kenexa Corp., and
Vivisimo. In 2013, it acquired several more big data analytic companies such
as StoredIQ Inc., Star Analytics Inc., and The Now Factory. In 2011,
Hewlett-Packard Co. acquired the major pure-play vendor Vertica for US$350
million and EMC acquired Greenplum. Also, AsterData was acquired by Teradata
in 2011. Further, Oracle Corp. has acquired Datanomic Ltd., Endeca Technologies
Inc., ClearTrail, and DataRaker Inc. Through acquisitions, the large
enterprise computing vendors are trying to enhance their capabilities to
deliver a comprehensive big data solution.

According to the report, one of the major drivers is the need to upgrade
business processes and improve performance. Big data solutions are able to
automate business processes and hence able to shorten the decision-making
process. Use of big data solutions keeps companies better informed and hence
helps them make better decisions. It also helps improve the quality of
products and services offered and therefore create higher value for customers
by reducing waste.

Further, the report states that the lack of awareness about the full
potential of big data technology is one of the major challenges confronting
this market. IT managers are facing difficulties in finding and analyzing the
right data from the piles of data that have been stored. Moreover, it is
difficult for them to manage data from multiple sources.

Global Big Data Market 2014-2018, has been prepared based on an
in-depth market analysis with inputs from industry experts. The report
covers the Americas, and the EMEA and APAC regions; it also covers the
Global Big Data market landscape and its growth prospects in the coming
years. The report also includes a discussion of the key vendors
operating in this market.

What will the market size be in 2018 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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